A new simulation of how the costs and the course of the dementia epidemic affect U.S. families finds that neurodegenerative conditions can more than double the health care expenditures of aging and that the vast majority ...

Australians pay too much when they go to medical specialists. The government can and should do more to drive prices down. A current Senate Inquiry on out-of-pocket costs will hopefully lead to some policy action.

Once the Affordable Care Act was fully implemented in 2014, people who struggled with misusing opioids were 50 percent more likely to get treatment and twice as likely to have that treatment paid for by insurance than before, ...

New research from The Australian National University (ANU) has for the first time identified and quantified the factors pushing up maternal health costs in the New South Wales public hospital system, paving the way for better ...

A first-of-its kind payment formula developed at the University of Massachusetts Medical School recommends allocating some health insurance dollars for patients in vulnerable communities and for those subject to social risks, ...

Insurance companies end up covering proton therapy treatment for pediatric cancer patients in 97 percent of the cases they originally deny once those decisions are appealed. Researchers from the Perelman School of Medicine ...

As the debate over the Affordable Care Act boiled over in Washington, D.C., this summer, a working paper written by Stanford economists threw cold water on a claim made by several of the law's critics: that it was killing ...

Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.